Sellers are just like everyone else in that they can make mistakes.  In this article, we’ll explore some of the most common mistakes that we see along with some of the repercussions. 1. Not Seeing the Buyer’s Point of View The first major mistake that sellers make is that they simply fail to look at…

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Owners View Pandemic as Strategic Time to Refuel and Recharge Growing Footprint Hemet, CA…September 30, 2020… Husband and wife owners of Southern California-based Integrity Tire Auto Service Centers, Chris and Rebekah Moll, have seized opportunities over the past few years to grow the family’s independent tire and auto service chain. Their formulas for success have…

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September 24,2020…As the old saying goes, “At some point, the time comes to sell almost every business.”  But when it comes to family-owned businesses, a level of emotion comes into play.  These kinds of emotions are not typically seen with other types of sales. Family-owned businesses sometimes bring with them the complexity of family dynamics,…

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August 26,2020…When you are selling a business, your business broker or M&A Advisor will likely create a Comprehensive Business Review, or CBR.  This comprehensive document can then be presented to prospective buyers once they have signed all necessary confidentiality documentation.  It is essential that this document builds trust between both parties, as this will go…

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July 30, 2020…The buyer-seller meeting is quite often a “make or break” meeting.  Your business broker or M&A Advisor will do everything possible to ensure that this meeting goes as well as possible. It is vitally important to realize that rarely is there an offer before buyers and sellers actually meet.  The all-important offer usually…

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6/22/2020…The economic impacts of the unprecedented COVID-19 pandemic are still being felt, measured, and predicted. It is indeed a critical time for the automotive and tire service industry. More than ever, for those considering the sale of their business, the reliance upon the expertise and integrity of a business broker is of paramount importance. A…

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2021 Is Going to Be a Very Tough Year to Sell a Business… Malvern, PA…April 28, 2020… Automotive aftermarket-specific business broker Art Blumenthal believes that, for tire and auto service shop owners who have been negatively impacted by COVID-19 and are considering a transition out of the business in the next 1-3 years, the sooner…

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Nearly every independent shop owner, chain or franchise operator in the tire and automotive service business has been materially impacted by the effects of COVID-19, despite being considered “essential” services. Many dealers have called me to say that they have been thinking about selling their business in the next 1-2 years but wonder if the…

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Latest Acquisition Leverages Legacy of Technical Expertise and Quality Customer Service… Baltimore, MD…February 18, 2020… AutoStream Car Care, a leading independent tire and automotive repair and maintenance service chain in the greater Baltimore/Washington area, has added its sixth location with the purchase of long-established Baltimore business Brentwood Automotive, founded by owner Ed Nemphos in 1976.…

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More Buyers Than Sellers… The high level of buyer interest in purchasing an automotive service business continues into the new year, as many Buyer candidates have made New Year’s resolutions to “Be Your Own Boss.” Bank/SBA loans remain available and interest rates have started to decline, with expectations that the Fed will keep rates lower…

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